Planetree Homes Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—4

Registered number: 04128907

		2024		2023
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	-		213,164
Cash at bank and in hand		81		11

		81		213,175
Creditors: Amounts Falling Due Within One Year	5	(80 )		(212,024 )

NET CURRENT ASSETS (LIABILITIES)			1		1,151

TOTAL ASSETS LESS CURRENT LIABILITIES			1		1,151

NET ASSETS			1		1,151

CAPITAL AND RESERVES
Called up share capital	6		1		1
Income Statement			-		1,150

SHAREHOLDERS' FUNDS			1		1,151

Page 1

Page 2

Planetree Homes Limited

Statement of Financial Position (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr J N Shepherd

Director

1st September 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Planetree Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04128907 . The registered office is The Old Laundry Lady Mary Square, Rostherne Lane, Rostherne, Knutsford, Cheshire, WA16 6SA.

The principal activity of the company is property investment and development.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention, unless otherwise specified within these accounting policies, and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2.2. Financial Instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were sold at the balance sheet date.

2.3. Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Income Statement in the year that the company becomes aware of the obligation, and are measured at the best estimate at the year end date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

2.4. Debtors and creditors

Debtors:

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors:

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.5. Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than twenty four hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

Page 4

Planetree Homes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	-	305
Amounts owed by related undertakings	-	212,859

	-	213,164

5. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Accruals and deferred income	-	2,125
Amounts owed to group undertakings	80	209,899

	80	212,024

6. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

7. Related Party Transactions

Under UK GAAP the company is exempt from the requirement to disclose transactions with wholly owned members of the same group.

Working capital loans are advanced between the company and related parties from time to time.

At 31 December 2024, debtors (note 4) and creditors (note 5) includes the following amounts due from/(to) related parties:

Crest Commercial Property Limited £Nil (2023: £194,000).

Crest Property Management Limited £Nil (2023: £18,859).

These working capital financing loan balances are interest free and have no formal or fixed repayment terms.

8. Ultimate Controlling Party

The company's parent company and controlling party is Forward Construction and Developments Limited by virtue of it's ownership of 100% of the issued share capital in the company.

Page 4